Housing market from wholesalers POV

[Junior Salters]

Was talking with a local investor seeing if he was still looking to add to his portfolio (has about 80-100 rental homes) but instead he alerted me that he was looking to sell 15-25 in the next few months. He's the second large portfolio investor I've heard this from. What does this say about the market for wholesalers when proven investment buyers are selling?? Are they following the hedge funds? Nothing? I don't know. Just wanted opinions!